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Latest Articles in ub group
Vijay Mallya To Lose His Last Jewel!
Heineken’s primary dilemma could be between a long legal fight or to settle it with a cost. But, what is obvious in the matter as of now is an imminent exit of Vijay Mallya from United Breweries, the last jewel that remained in his business empire, too finally
Read MoreUnited Spirits Finds Rs 1,225.3 Crore Fund Diversion, Holds Vijay Mallya Liable
In fresh troubles for Vijay Mallya, Diageo-controlled United Spirits on Saturday disclosed fund diversion and improper transactions worth Rs 1,225.3 crore involving entities linked to the embattled former Chairman, including Kingfisher Airlines and his Formula One team
Read More5,275 Wilful Defaulters (+ Mallya) Owe Banks Rs 56,621 Crore
In 2002, the total amount owed by wilful defaulters was Rs 6,291 crore ($9.3 billion). It grew—as we said—nine-fold over the next 13 years to Rs 56,521 crore ($83.9 billion).
Read MoreHas Vijay Mallya Already Left India?
A consortium of 13 banks moved the Supreme Court on Tuesday to restrain UB Group chairman Vijay Mallya from leaving the country, as they seek to recover Rs 9,000 crore in loans owed by his grounded Kingfisher Airlines
Read MoreSBI Seeks Vijay Mallya's Arrest, Seizure Of Passport: Report
The immediate objective of the lenders moving the DRT is to secure a first right on the $75 million severance package that Mallya will be getting for quitting Diageo-owned United Spirits (USL) as its chairman last week.
Read MoreVijay Mallya Steps Down From United Spirits
Mallya's resignation as chairman was expected since the company sought intervention of Securities and Exchange Board of India and other regulators following alleged illegal financial deals
Read MoreIt's Either Popularity Or Profitability - Never Both
Too much of popularity is a liability - socially as well as financially. You need to expose yourself more cautiously especially when you are in serious business.
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